Markets

China’s Central Bank Adds Gold in September as Bullion Weakens - Bloomberg.com

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DW NOTE

The PBOC bought gold through a 21.2% drawdown from all-time highs — when central banks accumulate during a selloff, they're not chasing momentum, they're buying what their currency desks know is coming. China doesn't add gold because it's bullish; it adds gold because it's done pretending the dollar is neutral.

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China’s Central Bank Adds Gold in September as Bullion Weakens - Bloomberg.com

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